Tesla Stock Rally Lifts Several EV Peers
13 6월 2023 - 3:16AM
Dow Jones News
By Dean Seal
Shares of Tesla are on track for their longest multi-day winning
streak on record after the electric vehicle maker struck a major
deal with General Motors, lifting the stocks of other players in
the EV industry.
Tesla stock is up 1.1% at $247.15 in midday trading. If they
close up Monday, shares will have climbed for 12 straight days,
their longest streak since the company went public in 2010.
Shares have doubled since the start of the year. The latest
rally accelerated last week after General Motors said its future
EVs would use the same charging hardware as Tesla.
Investors are showing other industry heavyweights some love as
well.
Shares of Plug Power, the Latham, N.Y.-based maker of hydrogen
and fuel-cell systems, are up 11% at $10.18 in midday trading.
Shares of Microvast, a lithium-ion battery company, have jumped
5% so far to $1.47.
Chinese EV maker XPeng's American depositary shares were up
13.2% at $10.05 in midday trading.
Nio, another China-based Tesla rival, saw its shares up 8.8% at
$8.41 by midday Monday.
Shares of ChargePoint Holdings, an EV charging company, are up
4.3% at $8.70 in the midday trading session.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 12, 2023 14:01 ET (18:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Microvast (NASDAQ:MVST)
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